Osisko Gold Royalties Ltd (TSE:OR) Receives Average Recommendation of “Moderate Buy” from Brokerages

Osisko Gold Royalties Ltd (TSE:OR) has been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$30.25.

A number of equities analysts recently commented on the stock. BMO Capital Markets boosted their target price on shares of Osisko Gold Royalties from C$27.00 to C$28.00 in a research note on Thursday, November 7th. CIBC upped their price objective on Osisko Gold Royalties from C$36.00 to C$39.00 in a research report on Monday, December 2nd. TD Securities downgraded Osisko Gold Royalties from a “buy” rating to a “hold” rating in a report on Monday, November 11th. Finally, Stifel Nicolaus boosted their target price on Osisko Gold Royalties from C$29.00 to C$31.00 in a research note on Monday, October 21st.

Insider Activity

In related news, Director Duncan Cornell Card sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of C$27.03, for a total value of C$270,331.00. Insiders own 0.38% of the company’s stock.

Osisko Gold Royalties Stock Up 3.2 %

Shares of TSE OR opened at C$26.85 on Friday. The stock has a market cap of C$5.00 billion, a P/E ratio of -53.70, a PEG ratio of 1.31 and a beta of 0.90. The business’s fifty day simple moving average is C$27.35 and its 200-day simple moving average is C$24.92. Osisko Gold Royalties has a 12-month low of C$17.41 and a 12-month high of C$29.57. The company has a current ratio of 4.92, a quick ratio of 0.98 and a debt-to-equity ratio of 7.00.

Osisko Gold Royalties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date is Tuesday, December 31st. Osisko Gold Royalties’s dividend payout ratio (DPR) is currently -52.00%.

About Osisko Gold Royalties

Osisko Gold Royalties Ltd acquires and manages precious metal and other royalties, streams, and other interests in Canada and internationally. It also owns options on offtake; royalty/stream financings; and exclusive rights to participate in future royalty/stream financings on various projects. The company's primary asset is a 3-5% net smelter return royalty on the Canadian Malartic complex located in Canada.